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Capital One vs Discover Bank

Capital One is a good online bank with access to in-person support. How does it compare to Discover Bank? Read our comparison chart below.

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. In addition, Discover offers checkback checking. There are no service fees.

Compare Capital One with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Discover Bank
 Learn MoreVisit Site
 

Capital One

Discover Bank

SPECIAL OFFER
Capital One 360 Checking - $25 Offer - Learn More

Read Capital One Review

SPECIAL OFFER
Online Savings Account - Earn 1.90% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

Savings1% APY. No monthly service fee and no minimum deposit.1.90% APY. No fees and no minimum deposit.
CD0.60% to 2.30% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.30%. No deposit to open.0.35% to 2.60% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.40%. Minimum deposit of $2,500 to open.
Checking0.20% APY under $50,000; 0.75% APY $50,000 or more; 1.00% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdrawEarn 1% cashback on up to $3,000 in debit card purchases each month. No fees and no minimum deposit.
Money Market0.85% APY up to $9,999.99; 2.00% APY $10,000 or more. No monthly service fee and no minimum deposit.1.75% APY under $100,000; 1.80% APY $100,000 or more. No fees. $2,500 minimum deposit.
Customer Service
Mon-Sun: 8am - 11pm (ET)
24/7
ATMsOver 39,000 no-fee Capital One & Allpoint ATMs
Over 60,000 no-fee ATMs
IRA CD0.60% to 2.30% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.30%.12-month CD APY of 2.40%. 24-month CD APY of 2.45%. 5-year CD APY of 2.50%.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Discover Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineGood online bank with access to in-person support... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Learn MoreVisit Site
What Others View

    Capital One: Pricing information from published website as of 9/16/2019.

    Discover Bank: Pricing information from published website as of 9/5/2019

    Which is Better: Capital One or Discover Bank?

    Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Capital One or Chase.

    In short: Discover Bank's savings and money market are worth mentioning. In particular, the money market is outstanding.


    Articles on Capital One


    Articles on Discover Bank


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